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Bidston Hill Residential Bridging Loan

To refinance two newly built detached properties in a sought after residential location in Bidston Hill, Wirral to provide time to achieve sales.

Loan Amount
£610,000
Loan Term
12 months
REPAID
Lender Interest Rate
8% p.a.
Loan To Value (LTV)*
60%
Key Loan Details

Security
1st legal charges over the Properties
Guarantee
Joint and several personal guarantee from the directors for loan capital of £152,500 and interest due under the loan
Additional collateral
Debenture from the Special Purpose Vehicle borrowing entity
Interest serviceability
From retained loan proceeds for a minimum 9 months of the loan term
Capital Repayment
From a sale of the Properties prior to expiry of the term
Purpose of loan
Refinance
Key Property Details

Valuation
£1,020,000
Use
Residential
Location
North West
Virtual Data Room

Registered(Approved) Lenders may view Loan Documents such as the Valuation Report in more detail in our Virtual Data Room - hosted online by Box

Please contact Lender Support if you don't have access to Box
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If you would like to able to view the Loan Documents
Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (FRN: 723117).

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.

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